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Discussion in 'Designers and Collections' started by BerlinRocks, Aug 5, 2009.
yahoo babelfish translation :
'real' english paper ...
how could Miuccia refuse. Prada's low in funds now anyways.
30% of Prada....that's quite a bit. Prada hasn't been doing too well recently from what I remember. Pray they fire Miuccia and get someone new.
lol, how can they fire Prada? she's like the owner of the company
lol I know it was a joke. Maybe she would realise how lame she is and fire herself.
pft. with her crappy previous collections? didn't she say she wanted to go as ugly as her customers would go with her? my eyes are still bleeding from that wool experiment.
What would it change if QIA takes 30% of Prada ?
I'm not sure it would change something seriously ...
Could someone explain what would it change ?
apart a MiuMiu shop on The Pearl ... I cannot see ...
It's some investement ...
nothing more, right ?
i'm soo dumb when it comes to finances and business ...
i think buying 30% of company's stock will give buyer a power to control the company, not total control yet within negotiations.
how much is the deal worth? i wonder if it will satisfy their $500M+ debt....
as said in the article, 30% is a minority stake. Miuccia will always have the majority, so all final decisions are made by her, but i'd believe they could veto things. but i don't think it gives them a seat at the board, does it?
I dunno Im kinda interested to see what this is gonna do. Qatar Fund is obviously gonna have a say in everything. Maybe a small say but none the less something.
Qatar should ditch Prada and invest in Lacroix.
Posted by Pasha in the bussines news small thread
I'm with you on this.
^what an interesting world we'd live in if prada and chloe sat under the same corporate umberella.
As much as I dislike Prada and Miuccia's fashion vision, I don't want to see the house owned by another giant label-sucking company.